Kathryn has uncovered another bullshit "AI lawyer" that very dumb investors have invested in even though it appears to three weak open source AIs in a trenchcoat.
Something something something are soon parted.
That was amazing
On the other hand, it's kind of fun to watch VCs light their own money on fire without realizing it
I have been unimpressed even with the law-specific LLM models promoted by certain large law tech companies for their drafting solutions. They're OK at answering questions corpora of documents, but so far, lousy at producing anything beyond summaries. Certainly not legal arguments or logic.
Ironically, they’ve stumbled on an actual use case for AI: replacing Valley M&A lawyers. Take it from someone who has worked with them repeatedly: they can be replaced by someone telling you “a clause like that shows up in 76% of the contracts in our database” because that’s what those lawyers do.
Did anyone else read that as "Mistrial AI?"
Bonus points for copying the terms of service directly from the other AI legal advice company who found all the caveats they put in there didn't insulate them even a little bit from legal liability.
I’m not saying AI is bad, a danger, or will never work, but a lot of people are going to get taken by garbage “AI” firms because they’re desperately chasing profit.
Again, my world. *Not legal advice* 👇🏻 Any lawyer (or non-lawyer) could go to a site like legalinsider dot com (EDGAR also comes to mind), pull up an actual shareholders agreement (or whatever agreement *prepared by a real, most likely BigLaw lawyer / firm) that fits their needs, 1/n